Reexamining Policies for Food Security in Asia

49 Pages Posted: 29 May 2012

See all articles by Kym Anderson

Kym Anderson

University of Adelaide - Centre for International Economic Studies (CIES); Centre for Economic Policy Research (CEPR); Australian National University

Shikha Jha

Asian Development Bank

Signe Nelgen

affiliation not provided to SSRN

Anna Strutt

University of Waikato

Date Written: February 1, 2012

Abstract

In the wake of recent food price spikes, plus growing demands for food in emerging Asia and for biofuels in Europe and the United States, governments are reexamining their strategies for dealing with both short-term and long-term food security concerns. This paper argues that long-run trends in real agricultural prices have policy implications for food security that are at least as important as those related to short-lived spikes around trend prices. The paper therefore summarizes recent projections of markets to 2030 under various scenarios, and then reviews evidence on how trade policy restrictions typically are altered to insulate domestic markets from short-run fluctuations in international prices around their long-run trends. That provides a firm empirical basis for reexamining the effectiveness and efficiency of various policy options for ensuring food security in Asia and elsewhere. Those options include boosting agricultural productivity growth rates to deal with long-run concerns, and using more appropriate domestic policy measures rather than trade policies to cope with price volatility.

Keywords: food security, food price volatility, food policy, food prices, pricing trends, agricultural productivity, agricultural prices, long-term food price trends, agricultural productivity, asian economic growth and structural changes, per capita food consumption

JEL Classification: F13, F15, F17, Q17, Q18

Suggested Citation

Anderson, Kym and Jha, Shikha and Nelgen, Signe and Strutt, Anna, Reexamining Policies for Food Security in Asia (February 1, 2012). Asian Development Bank Economics Working Paper Series No. 301. Available at SSRN: https://ssrn.com/abstract=2069643 or http://dx.doi.org/10.2139/ssrn.2069643

Kym Anderson (Contact Author)

University of Adelaide - Centre for International Economic Studies (CIES) ( email )

School of Economics
Adelaide SA 5005
Australia
+61 8 8313 4712 (Phone)
+61 8 8223 1460 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Australian National University ( email )

Arndt-Corden Dept of Economics
Coombs Building
Canberra, AK ACT 2600
Australia
+61 8 8313 4712 (Phone)

HOME PAGE: http://publicpolicy.anu.edu.au/crawford_people/content/staff/acde/kanderson.php

Shikha Jha

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Signe Nelgen

affiliation not provided to SSRN ( email )

Anna Strutt

University of Waikato ( email )

Te Raupapa
Private Bag 3105
Hamilton, 3240
New Zealand

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